Energy stocks help S&P/TSX composite end higher
Micron TechnologyMicron Technology(US:MU) Investment Executive·2026-01-16 22:24

“You’re seeing an improved outlook on oil with the potential for regime change in Iran, but also some news that there’s going to be less investment in new oil coming through, and that is going to tighten up supply, and that’s helping to contribute to higher prices,” Petursson said.The March crude oil contract was up 26 cents US at US$59.34 per barrel.Meanwhile, the consumer cyclicals sector weighed on Canada’s benchmark index with weakness coming from the auto sector, which Petursson said appeared to be the ...